Shares of industrial and transportation companies rose after strong factory data.
Orders at American factories for goods designed to last three years or more such as fridges, cars and airplanes, rose by a marked 1% in October, in what economists said was likely a one-off.
“Both the retail sales and the durable goods reports imply that the domestic economy is still growing,” said Jeffrey Roach, chief economist at brokerage LPL Financial, in a note to clients.
Auto maker Volkswagen agreed to pay its employees in Germany a more than $3,000 bonus to help offset soaring inflation.
Write to Rob Curran at rob.curran@dowjones.com